BCRC Broker Steve Hyatt Negotiates $14.75 Million Deal for AutoNation

Berger Commercial Realty  /   September 27, 2013

Berger Commercial Realty broker Steve Hyatt recently represented BD & D Investment Company, LLC in the $14.75 million sale of a 15.85-acre auto dealership property, located at 8252 South Broadway in Littleton, Colo., to AutoNation, which had been previously leasing the property. This is the third transaction Hyatt completed for dealership group BD & D Investment Company, which hired him to handle the disposition of several automotive properties across the country. In 2012, he closed the $8.425 million sale of a 4.2-acre property in Bellevue, Wash., including a 34,000-square-foot automobile dealership leased to AutoNation, and in 2011, he closed the $6 million sale of a 7.2-acre automotive dealership site in the Denver area to CarMax Auto Superstores. Hyatt specializes in automotive real estate. He currently represents several of the largest dealership groups in South Florida, including  brands such as Audi, BMW, Chevrolet, Toyota and Chrysler/Jeep/Dodge. He is active in investment sales and continues to work with and meet the real estate needs of numerous automotive retailers and automobile manufacturers across the country. Prior to his role as Senior Vice President at Berger Commercial Realty, Hyatt served as Vice President of Corporate Development at AutoNation from 1996 through 2008, where he was responsible for the acquisition and/or disposition of more than 175 automobile dealerships in 17 states.

About Berger Commercial Realty/CORFAC International:

Berger Commercial Realty/CORFAC International is a regional, full service commercial real estate firm based in South Florida. Independent and privately owned since its founding in 1998, the firm is a member of CORFAC International, a global network of independently owned commercial real estate brokerage firms. The firm’s property management and brokerage services include tenant/landlord and buyer/seller representation; project and construction management; receiverships; agency/project leasing; capital advisory/investment sales; retail services and more. For more information about Berger Commercial Realty’s brokerage services, CALL 954.358.0900 or visit www.bergercommercial.com.

About CORFAC International:

CORFAC International (Corporate Facility Advisors) is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services. In association with global affiliates, CORFAC International has 60 North American offices and 20 offices in global markets. Founded in 1989, CORFAC firms completed more than 11,000 lease and sales transactions totaling approximately 500 million square feet of space valued in excess of $8.5 billion in 2015. For more information on the CORFAC network, call 224.257.4400 or visit www.corfac.com.

« Previous   Next »